Public Management

Morocco: Tourism revenues fell by 53.8% in 2020

Morocco: Tourism revenues fell by 53.8% in 2020
Thursday, 25 February 2021 14:22

Last year, Morocco cashed out MAD42.4 billion ($4.7 billion), less than the amount recorded a year before in tourism revenues. This makes a decline by 53.8% YoY, according to a report issued on Feb. 22 by the Department of Economic Studies and Financial Forecast (DEPF).

In 2019, Morocco’s tourism revenues grew by 7.8% and an upward trend was also expected for 2020 but the Coronavirus pandemic has disrupted plans.

Since the first case was detected and the state of health emergency was declared in March 2020, measures have been taken, particularly concerning entry into and exit from the country, as well as internal movement. For example, flights to and from countries such as South Africa, Brazil, and more recently Switzerland and Turkey have been suspended. The country has also closed its sea and land borders to control the spread of the virus.

Fewer arrivals of tourists mean less money for the tourism sector, especially for hotels. DEPF reports that "the volume of arrivals to Morocco has fallen by 78.9% at the end of November 2020, against an increase of 5.3% at the end of November 2019, and that of overnight stays by 72.3%.”

However, the institution noted that the decline in revenue had improved in the fourth quarter of 2020, amounting to -46.1% against -80.1% in the third quarter. This is due to the easing of measures relating to the entry and exit from the Moroccan territory.

On October 1, 2020, the government announced a partial reopening of borders and the resumption of flights. However, travelers are required to present a negative Covid-19 test within 72 hours before departure and, as appropriate, proof of employment or accommodation.

In recent days, the Moroccan government has strengthened its travel restriction policy to better address the new wave of contamination, pending the vaccination campaign to achieve herd immunity.

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
Biovac, the South African biopharmaceutical company that supplies 80% of the country's routine childhood vaccines, secured more than $175 million in...
Côte d’Ivoire establishes sovereign fund to manage public assets Fund to finance infrastructure, stabilize economy, build long-term...
Evidence shows mobile money taxes reduce usage and revenue Most countries exceed the 0.2% threshold that triggers cash fallback Policies...
CAR minister meets COBAC on FNGI operational rollout Talks seek framework, technical support, compliance with regional rules $18M fund...
Most Read
01

Driven by above-average growth and rapidly expanding demographics, Francophone Africa is emerging as...

Francophone Africa: A Rising Economic Giant With Weak Internal Trade
02

Algeria launches bid for two NGSO satellite telecom licenses Move aims to expand broadband ac...

Algeria Opens Satellite Market to Competition, Inviting Global Operators
03

EBID aims to allocate nearly 41% of its commitments to environmentally and socially impactful projec...

EBID Charts Green Shift to Finance West Africa’s Growth
04

Coca-Cola unit trains 260+ SMEs in Namibia business skills Program targets women, youth, disabled...

Over 260 Namibian SME Owners Trained as Sector Faces Mounting Losses
05

Four major operators—Mauritel, Mattel, Rimatel, and Chinguitel—submitted a combined bid of ...

Mauritanian Telecom Operators Submit $27 Million Combined Bid for 5G Licenses
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.